Dealer/Associate Dealer, Islamic Money… at Bank Negara… · Kuala…

Perform Islamic money market operations and market surveillance, market intelligence and research and develop tactical strategy to ensure smooth functioning of the market

• Plan and implement Islamic money market operations to ensure smooth functioning of the market.

• Conduct discretionary monetary operations and market surveillance, market intelligence and research and focus on tactical strategy implementing operations.

• Undertake initiatives that will further promote the growth and develop the domestic Islamic financial market.

• Market surveillance on interbank trading activities and market practices.

• System development and enhancement to ensure operational efficiency and reliable data dissemination/publication.

Responsibilities

• Conduct daily open market operations to manage liquidity in the domestic Islamic financial system using approved policy tools (direct acceptance, BNIBI, repo/revrepo, standing facilities).
• Monitor and supervise the domestic Islamic money market closely to ensure its efficient functioning in facilitating liquidity management by the Islamic banking institutions.
• Take leading role in improving operational efficiency, developing new Islamic monetary instruments, setting standards to enhance the breadth and depth of the financial market.
• Apply appropriate mix of instruments to manage aggregate monetary policy cost within budget and avoid deviation from tolerance level at any given time.
• Ensure full adherence to governance and operational processes that are in place for Islamic monetary operations.
• Perform market analysis and intelligence as well as be vigilant on the daily market development.
• Facilitate the agenda of the Islamic Financial Market Committee with the aim of fostering growth and advancing the Islamic financial market.
• Maintain database and compile information to provide in depth and timely analysis on the development of Islamic money market.
• Involve in cross-department and/or cross-functional team in the Bank with regards to the development of Islamic financial market.
• Establish connections, build rapport, and foster close relationships with the industry to actively gather market intelligence and feedback, ensuring a keen awareness of ongoing market developments.
• Prepare daily/periodic/adhoc reports to the Management on market activities as well as feasibility studies for future initiatives.
• Execute necessary legal documentation for borrowing and lending facility with institutional investors and financial institutions.
• Facilitate Government of Malaysia’s (GOM) Islamic issuances

Qualifications

QUALIFICATIONS

Academic Qualifications: Degree or professional qualifications with an accounting, economics, banking, finance, Islamic finance or other related educational background. A CFA and PKMC holder would be an added advantage.

Experience: Treasury operations and knowledge of international economics and financial markets

PREVALENT & EMERGING SKILLS

The core competencies and skills of rapidly growing importance required to deliver the accountabilities listed or to perform the role effectively.

Generic

• Prevalent: Project Management, Knowledge Management, Core Central Banking Business, Presentation, Facilitation, Report Writing, Information Communication Technology, Risk Management

• Emerging: Market awareness, knowledge of financial instruments, and understanding of regulatory frameworks. Trading platforms, data analysis tools, and familiarity with fintech innovations.

Technical

• Prevalent: Economic Thinking, Strategies Formulation, Technical/Mathematic, Portfolio Analysis

• Emerging: Understanding Shariah principles, Islamic financial instruments, risk management, numeracy, and analytical skills.

About the Company

Bank Negara Malaysia (the Central Bank of Malaysia), is a statutory body which started operations on 26 January 1959. Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009. The role of Bank Negara Malaysia is to promote monetary and financial stability. This is aimed at providing a conducive environment for the sustainable growth of the Malaysian economy.

Bank Negara Malaysia’s monetary policy stance is to maintain price stability while remaining supportive of growth. Bank Negara Malaysia is also responsible for financial system stability. This is achieved by developing a sound, resilient, progressive and diversified financial sector which serves to support the sectors of the real economy. It also plays an important function in implementing initiatives to deepen and strengthen the financial markets, including the foreign exchange market.

Bank Negara Malaysia has played a significant developmental role in developing the financial system infrastructure in advancing the financial inclusion agenda. This is to ensure all economic sectors and segments of the society have access to financial services. In addition, Bank Negara Malaysia also oversees the nation’s payment systems infrastructure which emphasize on the efficiency and security of the financial systems.

As the banker and adviser to the Government, Bank Negara Malaysia provides advice on macroeconomic policies and the management of public debt. Bank Negara Malaysia is also the sole authority in issuing the national currency and in managing the country's international reserves.